Banking & Finance
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93NDIC Warns Depositors Against Unlicensed Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) has advised depositors to verify licensed insured deposit taking institutions before entrusting their funds. The corporation’s...
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65Debt Servicing Gulped ₦696b in January –CBN
The Federal Government’s precarious fiscal position worsened in January 2025 as debt servicing obligations exceeded total retained revenue by a wide margin,...
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110Heritage Bank: NDIC Begins ₦46.6b Payout to Top Depositors
The Nigeria Deposit Insurance Corporation has commenced the payment of N46.6bn as the first tranche of liquidation dividends to depositors of the...
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200CITN Pushes for Law to Curb Tax Evasion, Fraud
The Chartered Institute of Taxation of Nigeria (CITN) is pushing for a tax law which will make it difficult to evade tax. Speaking...
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116Tax-Exempted Firms Invested ₦2.53tr in Nigeria –FG
The Federal Government has revealed that the 107 companies which it granted tax exemptions collectively invested N2.53tn into the Nigerian economy before...
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173
Uninsured Depositors of Defunct Heritage Bank to Receive Liquidation Dividend
The Nigerian Deposit Insurance Corporation (NDIC), has revealed that the uninsured depositors of the defunct Heritage Bank will by the end of April, 2025, receive the first...
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103Pension Assets Surpassed ₦23tr in February –PenCom
The National Pension Commission (PenCom) has said that the total value of pension assets under management had surpassed N23 trillion as of...
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123AMCON’s ₦393b Levies Rile Tier-1 Banks’ Shareholders
Shareholders of Nigeria’s leading banks have expressed growing concern as contributions to the Asset Management Corporation of Nigeria (AMCON) by tier-1 financial...
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114Money Supply Hits ₦114tr Despite CBN’s Tightening Measures
Nigeria’s broad money supply rose to N114.22tn in March 2025 despite aggressive monetary tightening by the Central Bank of Nigeria, which raised...
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219EFCC, SEC Move to Hunt Down Ponzi Schemes Operators
The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide....
